#内容挖矿 ’s current position is 42,558.23 US dollars. It did not consume much during the holidays. After three days, the position is still higher than 737,000 pieces. If open interest does not drop significantly tomorrow, it may mean that the sharp selling pressure has ended and become a new bottom point. Historically, the departure of a large number of long-term holders is usually accompanied by a rise in Bitcoin prices, but the emergence of spot ETFs has caused long-term Bitcoin holdings to be sold off, so it remains to be seen whether a bull market has begun. The data shows that the majority of position holders have made profits, approaching the red line area (95%), which usually accompanies rapid growth in Bitcoin prices. However, there are also cases in history where prices fall immediately after entering the red zone and need to be treated with caution. The market in 2020 is an example. Although it later entered a real bull market, this wave of market conditions prevented many investors from surviving the arrival of the bull market.